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Hello Shivam,
An actuary in India typically works in the following fields:-
Life Insurance
Consultants
Investments
Government
General Insurance
Health Insurance
Reinsurance Companies
Pension Funds
Academics
Risk Management
Duties of Actuaries:-
Actuaries typically do the following:-
- Compile statistical data and other information for further analysis.
- Estimate the probability and likely economic cost of an event such as death, sickness, an accident, or a natural disaster.
- Design, test, and administer insurance policies, investments, pension plans, and other business strategies to minimize risk and maximize profitability.
- Produce charts, tables, and reports that explain calculations and proposals.
- Explain their findings and proposals to company executives, government officials, shareholders, and clients.

The eligibility criteria for MS differ in different universities. General eligibility criteria to in German university is as follows:
(a) High Academics performance or records in undergraduate studies. A score of above 80% in all semesters is a good academic record.
(b) If the course is taught in German, then proof of proficiency in the German language. If the course is taught in English, then proof of proficiency in English by TOEFL or IELTS score.
(c) Some universities require GRE score.
(d) With relevant work experience in the field of further study chances of selection increases.
(e) Demonstration of technical ability through project execution, participation in the Technical symposium, conference etc.
(f) Recommendations letters from international known faculty from where college of graduation.

There are multiple functional specializations in MBA such as finance, marketing, human resources, IT, SCM, logistics, operations, systems, general management or sector specific specialisations like travel & transportation, telecommunications, healthcare, banking, insurance, etc. Humanities graduates are eligible for all MBA specialisations.
One must choose MBA specialisation based on his or her interests, prior job experience, and personality, skills and competencies.
Marketing is suitable for extroverts. If you have good interpersonal skills, sales aptitude, leadership qualities, good communication skills and have an entrepreneurial attitude then you must go for marketing. Individuals with good numerical ability can do very well in the field of finance particularly investment banking. If you good at number crunching, have the superior numerical ability, good data interpretation aptitude, problem-solving and creative thinking and you are also a strategic thinker then you must opt for MBA finance. People with social skills and empathy are suitable for HR. To become a good HR manager, you require skills such as organising capability, dealing with grey areas, good communication and negotiations skills, capability to handle changes, capacity to handle conflicts, etc.